Follow Us

In an absolutely epic Twitter thread (unrolled here) author CZ Edwards lays out an incredibly compelling explanation of spiralling real-estate prices: oligarchs need to launder a lot of oil money -- think Russia, Iran, ex-Soviet basket-case states, Saudi -- and so they plow the money into offshore Real Estate Investment Trust that then cleans it by outbidding any actual real-estate investors or would-be homeowners, bidding up and snapping up all the property in desirable cities, and then realizing the rental income-flows as legitimate, clean money.
Read the rest

Though firms may worry about profits now that Trump's decision to let the world boil in its own juices rather than offend the hydrocarbon lobby (Coke may run out of water, Disney may run out of themepark-goers), the latest report from UK nonprofit Carbon Disclosure Project shows that companies are also privately exulting in the new possibilities opened up by climate catastrophes and the ensuing hidden misery.
Read the rest

The Green New Deal -- championed by Alexandria Ocasio-Cortez and other progressive Dems -- is one of the most popular Democratic policies in living memory, supported by 81% of registered voters (including 64% of Republicans and 57% of "conservative Republicans"), so of course the Democratic establishment is trying to kill it.
Read the rest

Fracking is grossly unprofitable: the fracking industry is losing hundreds of millions of dollars, but it claims to be profitable and august publications like the Wall Street Journal and Reuters repeat these claims as though they were true. How can this be?
Read the rest

Officials in Trump's Department of Energy prepared a plan to use unprecedented "emergency powers" to force the US grid to rely on expensive, unprofitable coal and nuclear power, rather than paying market rates for cheaper sources of energy: renewables and natural gas.
Read the rest

The Environmental Defense Fund and the Southern Environmental Law Center sued the EPA to force it to comply with a Freedom of Information Act request for access to emails to and from thinktanks associated with the climate denial industry like the Heartland Institute, Plants Need CO2, The Right Climate Stuff, and Junk Science.
Read the rest

Oklahoma teachers will walk out en masse this coming Monday, despite a historic agreement from the ailing state legislature to give them a long-overdue pay raise which will be paid for by increasing taxes on the state's previously untouchable oil and gas industry.
Read the rest

Judge William Alsup in San Francisco is presiding over a case in which California cities are suing the big oil companies over the climate-related disasters they're experiencing; Judge Alsup asked for a "tutorial" session in which experts for both sides would be asked to explain the underlying science, something he's done in earlier cases that turned on technical questions, including a DACA case and a case on lidar and self-driving cars.
Read the rest

Dennis Kucinich was once the youngest mayor of a major city in the US, leading Cleveland through a hard fight with the banks and mobbed-up city contractors to save its municipally owned power plants and kill a plan to privatize the city's energy; after decades in Congress, he's running for Democratic governor of Ohio (a state whose Republican leadership has shamelessly corrupted the state's electoral process) and promising to kill fracking and oil extraction, fund studies that will produce the evidence to sue Big Oil, and create jobs by funding a conversion of the state to renewable energy.
Read the rest

In 1992, Oklahoma passed a ballot initiative saying that the state could only raise taxes with a three quarters majority in the state assembly, creating a one-way ratchet where every tax cut becomes effectively permanent, including the sweetheart deals cut for frackers and the deep cuts to taxes on the wealthiest residents of the state.
Read the rest

It's a political no-brainer for Trump, who gets to clobber the renewables market, rattle his saber at China, extend the viable economic life of climate-destroying hydrocarbon fuels (like coal) and rile up the libs.
Read the rest

Google has long maintained that it must keep the workings of its search and ad-placement algorithms a secret, lest they provide a roadmap to the kinds of bad actors who'd like tweak the results and give their bad ideas (or sleazy products) pride of placement on its pages.
Read the rest

Five years ago, it looked like big oil and big coal were finally acknowledging the reality of climate change, shifting from the early posture of outright denial and the intermediate strategy of sowing confusion, and moving into an endgame of "clean coal" and monopolizing renewables, but the think tanks they had funneled hundreds of millions in dark money to were not having any of it -- and it's they, not the hydrocarbon barons, who've got the ear of the conspiracy-theorist-in-chief, Donald Trump.
Read the rest